Eastern Asia: Market for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips 2025

Market Size for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Eastern Asia

In 2021, the East Asian market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips decreased by -18.5% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, enjoyed a pronounced expansion. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Production of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Eastern Asia

In value terms, production of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips contracted to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +70.9% against 2013 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 21%. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Exports in Eastern Asia

In 2021, shipments abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2021. The total export value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the key exporter of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, making up 65% of total exports. Japan (X tons) ranks second in terms of the total exports with a 21% share, followed by South Korea (9.8%). Taiwan (Chinese) (X tons) held a relatively small share of total exports.

China was also the fastest-growing in terms of the unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips exports, with a CAGR of +10.8% from 2012 to 2021. At the same time, Taiwan (Chinese) (+10.2%) and Japan (+2.7%) displayed positive paces of growth. By contrast, South Korea (-2.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +21 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest unmounted tool inserts, sticks or plates supplying countries in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 96% share of total exports. These countries were followed by Taiwan (Chinese), which accounted for a further 2.6%.

Taiwan (Chinese), with a CAGR of +8.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of 2%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.1%), while the other leaders experienced a decline in the export price figures.

Imports of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Imports in Eastern Asia

After three years of decline, supplies from abroad of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips increased by 29% to X tons in 2021. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) and China (X tons) were the major importers of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips in Eastern Asia, together accounting for approx. 67% of total imports. Japan (X tons) ranks next in terms of the total imports with a 17% share, followed by South Korea (14%). Hong Kong SAR (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together comprising 77% of total imports. These countries were followed by Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 23%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +5.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, approximately reflecting the previous year. In general, the import price recorded a slight downturn. The growth pace was the most rapid in 2019 when the import price increased by 12% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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